Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Regulatory

Royal Commission unnecessary: FSC

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
A Royal Commission into the financial services sector is unnecessary given the amount of substantial reforms and remediation the industry has already undertaken, the Financial Services Council said.

Labor unyielding on banking Royal Commission

KARREN VERGARA  |  WEDNESDAY, 26 JUL 2017
The ambit of the Labor Party's proposed banking Royal Commission will extend to all elements of financial services should it be elected to office, Shadow Treasurer Chris Bowen told the FSC Leaders Summit.

Financial services not immune to public inquiry

KARREN VERGARA  |  TUESDAY, 25 JUL 2017
While the financial services industry has taken commendable steps in restoring consumers' trust and confidence, it is still not free from the threat of a public inquiry like the banking sector is currently facing.

Government gives super system further makeover

DARREN SNYDER  |  TUESDAY, 25 JUL 2017
The Federal Government is powering ahead with further changes to Australia's $2 trillion superannuation system, garnering support from across the industry.

ASIC advances towards telecommunication intercept powers

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
ASIC could soon be given enhanced powers to receive interception materials, seized by another government agency, in cases of alleged insider trading, market manipulation and financial services fraud.

Government paves the way for open banking

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
Third parties could soon be given greater access to banking data under a proposed open banking system regime.

ASIC audits limited AFSLs

KARREN VERGARA  |  THURSDAY, 20 JUL 2017
ASIC recently audited 20 limited AFSL holders to assess how they were faring with their obligations following the removal of an exception for accountants to give advice on SMSFs in July last year.

Asset managers held to higher standard: FSC

EMMA RAPAPORT  |  THURSDAY, 20 JUL 2017
Investment managers and asset owners will face stricter reporting and transparency rules following the launch of Australia's first Internal Governance and Asset Stewardship Standard.

FOFA breach sees former adviser banned

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2017
A former Magnitude Group financial adviser was banned by ASIC for breaching the best interest duty introduced under the Future of Financial Advice reforms.

Government shows commitment to funds management

EMMA RAPAPORT  |  WEDNESDAY, 19 JUL 2017
Australian fund managers could see additional offshore funds flow into the sector following the Federal Government's commitment to clarify two key pieces of taxation policy.